Americas

The growth of China’s fintech scene is providing a less developed financial market with much-needed updates. But those improvements also serve as a stepping stone to bring Chinese fintech players to Western markets.

Texas Capital Bancshares in Dallas is planning to raise more than $225 million from a stock offering.

The largest shareholder at HopFed Bancorp in Hopkinsville, Ky., is calling on the company's president and chief executive to resign.

Ohio Legacy in North Canton viewed FirstMerit’s sale to Huntington as a motivator find a buyer of its own. It turned to United Community, an institution it had talked to on two other occasions.

IBM Southeast Employee Credit Union in Delray Beach, Fla., has reportedly filed an application to buy Mackinac Savings Bank in Boynton Beach, Fla.

Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.

Citizens Building and Loan in Greer, S.C., will have a new president and chief executive next year.

Capital One Financial in McLean, Va., is splitting up the management of its cards business.

James Cope, a former Pinnacle Financial Partners director who pleaded guilty to insider trading in October, was supposed to pay a $55,000 fine as part of a plea deal. But the judge hearing the case contends he should pay more.

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.